Simultaneously with the above, the transaction likewise involves the issuance by megawide and GAIBV of exchangeable notes for Rs 1,100 cror...

Competition Commission of India has given approval for GMR group's proposed 49 per cent stake sale in its airport business to France's Grou...

GMR has been looking at various options to pare its over Rs 20,000-crore debt.

GIC pipped Japanese diversified conglomerate Mitsubishi — the other entity GMR had been in advanced talks with — to clinch the deal.

The Andhra Pradesh Airports Development Corporation Limited (APADCL), had initiated the bid process for the new airport at Bhogapuram in No...

The concession agreement is for design, construction, financing, operation and maintenance of new international airport of Heraklion at Cre...

GMR has for the last couple of years made efforts to divest its airport company, including via an IPO.

The concession period for the Greenfield project will be 40 years with a possible extension of another 20 years through a bid process.

The basic problem with infrastructure companies and overall infrastructure sector is that they are burdened with significant amount of debt.

The tribunal has directed Maldives and the state-owned Maldives Airports Company (MACL) to pay $4 million legal damages to GMR within 42 da...

The recent divestment in two projects will help infrastructure conglomerate GMR Infra ease its consolidated debt burden of Rs 37,681 crore ...

GMR Infrastructure has touched a high of Rs. 21.55 within the day and has seen an intraday low of Rs. 20.35 at 1.57 pm on Wednesday.

Shares of GMR Infra today fell by over 3 per cent after CAG said the Civil Aviation Ministry violated bid conditions, benefiting GMR-led DI...

Higher interest and operating expenses led to a loss of Rs 165 crore, compared with Rs 25 crore losses in the year-ago period.

The parent company is transferring its stake in the Delhi International Airport Limited & Hyderabad Airport to its airport subsidiary.

The investments would be in the form of a compulsorily convertible structured product that will be convertible when the unit goes public.

GMR Infrastructure said its subsidiary firm GMR Energy has acquired nearly 33.5 per cent stake in the Canada-based coal producer Homeland E...